On April 12, Tianjin Jinrong Tianyu Precision Machinery Co.Ltd(300988) ( Tianjin Jinrong Tianyu Precision Machinery Co.Ltd(300988) . SZ) held the 2021 annual performance presentation in the panorama network performance hall, and conducted in-depth interactive exchanges on the performance growth, R & D planning, energy storage field layout, long-term development strategy and other issues of major concern to investors.
Chairman Sun Xingwen said that the company will adhere to manufacturing as the core, actively expand fields such as battery energy storage and new metal materials under the development strategy of “one body and two wings” and “green intelligent manufacturing”, and strive to achieve the sustainable and healthy development of the company.
high end customers lay the foundation for growth
Tianjin Jinrong Tianyu Precision Machinery Co.Ltd(300988) specializes in the R & D, production and sales of precision metal molds and related parts, and the products are mainly used in the electrical and automotive fields. After landing on the gem in 2021, the first annual report card disclosed by it achieved a double increase in revenue and net profit: the operating revenue was 1.341 billion yuan, a year-on-year increase of 35.54%, a new high in recent four years; Deduct non net profit of RMB 648771 million, with a year-on-year increase of 21.13%.
In view of the reasons for the obvious growth of performance put forward by investors, Zhao Hong, director and general manager of the company, introduced that most of the company’s customers are global leading industry giants, and the customer market position and product market share are relatively stable. Based on the long-term and stable cooperative relationship between the company and customers, the company has continuously participated in the joint development of products to be put into production in the future, and its ability to obtain customer orders has been continuously enhanced, which has effectively promoted the continuous growth of the company’s sales revenue and the continuous improvement of market competitiveness.
The annual report shows that in the field of electrical precision parts, Tianjin Jinrong Tianyu Precision Machinery Co.Ltd(300988) main customers include Schneider, abb and Siemens, all of which are industry leaders in the field of medium and low voltage distribution and industrial automation in the world; In the field of automotive precision parts, it mainly serves the first-class suppliers of Japanese and German cars such as Toyota, Honda, Nissan and Volkswagen. Its main customers include Donghai rubber and plastic, electric decoration, Junsheng Takada, Toyota textile, Yanfeng and ZF Trina Solar. They are also the world’s leading auto parts manufacturers.
Due to the strict examination of suppliers’ access qualification by partners, Tianjin Jinrong Tianyu Precision Machinery Co.Ltd(300988) has maintained a stable cooperative relationship with customers, and through mutual empowerment and continuous improvement of comprehensive ability, it has laid a foundation for subsequent broader strategic cooperation.
continuously increase R & D investment and maintain technology leadership
In 2021, Tianjin Jinrong Tianyu Precision Machinery Co.Ltd(300988) R & D expenditure increased by 74.11% year-on-year, causing investors to pay attention to subsequent R & D planning. In this regard, Yun Zhi, the company’s director, Secretary of the board of directors and chief financial officer, said that technology research and development is an important support for the survival and development of the company. Since its establishment, the company has built a set of industry-leading technology R & D system integrating mold R & D, integrated automation equipment R & D, product development, experimental testing and cooperating with customers to improve qve or VA / ve. It has strong breakthrough ability of major technical projects, deep technical reserves and good enterprise innovation Shanghai New Culture Media Group Co.Ltd(300336) .
In 2022, the company will continue to strengthen R & D and further increase R & D expenditure. The company will open Suzhou Jinrong R & D center to attract more R & D talents; Keep up with market and customer needs, ensure product technology leadership and advanced; Expand the effect of customer collaborative R & D and promote the company to obtain more customer orders. At the same time, master the cutting-edge R & D direction and maintain the technical leadership in the complex molding technology of precision metal parts, integration technology, new energy lightweight parts technology and related technologies of energy storage products.
Statistics show that in 2021, in the electrical field, the company achieved 114 new types and 191 sets of new molds in the field of low-voltage distribution, industrial automation, energy storage, wind power generation, photovoltaic power generation and distributed energy. It is expected that after mass production, the annual sales revenue will exceed 240 million yuan. In the automotive field, the company has achieved 158 new product types and 63 increased product types in the fields of shock absorption, safety, air conditioning and seats and lightweight. It is expected that the annual sales revenue will exceed 250 million yuan after mass production.
expand emerging fields and build “one body and two wings” development space
In 2021, Tianjin Jinrong Tianyu Precision Machinery Co.Ltd(300988) entered the field of battery energy storage by investing in Shenzhen Youneng New Energy Technology Co., Ltd. For the next step plan of the business, Chairman Sun Xingwen introduced that in 2022, the company will increase its layout in the field of battery energy storage, including production line investment, expansion of R & D team, sample development and actively expand customers in the field of energy storage. The company will actively give full play to its management and technical advantages in precision manufacturing and high-end manufacturing, build a small batch production and R & D base of battery energy storage products and a batch production base for the manufacturing of products in the whole industrial chain except battery cells, and focus on the production and manufacturing of user side household energy storage products and distributed industrial and commercial energy storage products.
Referring to the future development plan, sun Xingwen said that the company attaches importance to the extension development opportunities, and will adhere to the “one-in-one” business segment composed of electrical precision parts and automotive precision parts with manufacturing as the core, continue to cultivate deeply, and ensure the steady growth of the existing main business operation and development. At the same time, actively explore areas such as battery energy storage, new metal materials and medical device manufacturing, and expand the development space of the “two wings” new track. The company will also give full play to its management and technical advantages in precision manufacturing and high-end manufacturing, ensure that the new business has a solid foundation in the process of rapid development, empower the “two wings” and strive to achieve the sustainable and healthy development of the company.
